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EVs are simpler products that make lots of knowledge and experience useless. And the most expensive part of EVs is the battery made by Asian companies. So it y
by rmoriz 7y ago
EVs are simpler products that make lots of knowledge and experience useless. And the most expensive part of EVs is the battery made by Asian companies.
So it you start "too early" you introduce negative scaling effects on your highly profitable combustion business AND have to invest a lot upfront for the EV models.
There is no way to win this game, many workers will lose their jobs and also initial investments will affect profit and dividends. If you are too slow, Tesla will take the profitable segments anyway.